American billionaire, and founder of Intuit, Scott D. Cook, is the main individual shareholder of the company with 2.54% ownership. The other major shareholders are institutional ones like BlackRock (8.44% ownership), T Rowe Price (5.94%), and The Vanguard Group (8.9% ownership).
Intuit’s business model revolves around providing financialmanagement solutions to individuals and small businesses. They leverage technological infrastructure, including cloud-based solutions, data analytics, and mobile applications. Distribution channels include online platforms, retail partnerships, and direct sales. Revenue streams come from software sales, service fees, and data-driven insights.
Intuit has acquired many software brands, including companies like TurboTax, Credit Karma, QuickBooks, MailChimp, and the Intuit core service. The group generated $12.72 billion in revenue in 2022 and $2 billion in profits.
Credit Karma is a brand acquired by Intuit in 2020 for approximately $7.1 billion. Credit Karma generated $1.6 billion in revenue in 2023, compared to $1.8 billion in revenue in 2022, and $865 million in 2021.
ProConnect is part of Intuit. The company generated $561 million in 2023, compared to $546 million in 2022, $517 million in 2021, and $493 million in 2020.
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
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